Reported about 8 hours ago
A Philippine cemetery chain's plan to establish a new business hub has driven its stock, Golden MV Holdings Inc., to an astonishing valuation of 100 times its book value, making it the priciest on the Bloomberg World Real Estate Index. With a market cap exceeding $26 billion and a share price that surged over 130% in the last year, the company's future hinges on its ambitious Villar City project, raising questions about the sustainability of its high valuation amidst speculative interest.
Source: YAHOO